Global Energy commences the rig mobilisation to the Catalina #1 well

Global Energy Development announces that the rig mobilisation has commenced to the Catalina #1 well in the Company's Bolivar Association Contract (Bolivar Contract) located in the northern section of the Magdalena Valley in Colombia, South America.

The workover rig is being transferred from the central Magdalena Valley area and the rigging up of all existing equipment is expected to be completed over a seven day period, with key new equipment expected to be ready for shipment from Houston, USA. to Colombia shortly.

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